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The impact of student loans on buying a home

Housing Wire

Student loan debt may affect your home-buying goals in a few key ways. Debt-to-income ratio (DTI) Lenders calculate your DTI ratio by dividing your total monthly debt payments (including student loans) by your gross monthly income to assess your ability to handle additional debt, like a mortgage.

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Stepping up the fight against fraud in mortgage lending

Housing Wire

In recent years, we have seen a significant uptick in fraudulent activity ranging from the high tech — intercepted wire transfers and electronic title phishing scams — to low-tech, such as applicants submitting falsified or doctored bank statements. Wherever there is commerce, there will be fraud, and the mortgage industry is no exception.

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Vishal Garg unveils Better’s new strategy as a publicly traded company 

Housing Wire

“For things like homeowner’s insurance , title insurance, and realtors, we’ve now just become a marketplace. For things like homeowner’s insurance, title insurance, and realtors, we’ve now just become a marketplace. We partner with best-in-class agents, insurance companies and title companies.

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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

“They have 100% financing, no mortgage insurance and there is no longer a loan limit and I am often able to give customers better interest rates even if they do not have a great credit score or their debt to income ratio is high.

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Can You Put an Offer on a House That’s Contingent?

RIS Media

Something can come up (such as an unanswered financial obligation or a significant purchase before the closing that changes the debt-to-income ratio) and put a home back. . The title search reveals issues. Whenever you’re purchasing real estate, a title search is one of the standard boxes that must be checked.

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What Is an Assumable Mortgage and How Does It Work?

Point2Homes

Or you can assume your partner’s mortgage in case of a divorce if your name is listed on the house title but not on the initial loan. As a result, you will need to meet the lender’s requirements when it comes to credit score and credit history, income and debt-to-income ratio to qualify for a loan.

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Tips for Buying a Foreclosure Property

Point2Homes

Lenders will normally look at your debt-to-income ratio to determine whether you qualify for a loan. Typically, they don’t want you to have debts that add up to more than 43% of your gross monthly income. In this case, having an attorney run a title search will be critical. Making the Offer.